Canada’s employment report for February showedor figures well above expectations and drove CAD into the market. The cwithNet employment income was positive at 259,200, well above the 75,000 of the market consensus. Figures for January had shown a contraction of 212,800. February was the best month for job creation since September last year.
The full-time jobs increased by 88,200, while the part-time at 171,000. In terms of revenue, the average hourly wage in February it rose 4.26% compared to a year ago.
The unemployment rate it went from 9.4% to 8.2%, being that the consensus was for a reading of 9.2%; is the lowest level since March 2018. labor participation rate it remained at 64.7%.
At the same time, it was known that wholesale sales in January rose 4%, below the 5% of the market consensus.
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